Natuzzi (NYSE:NTZ) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

Shares of Natuzzi, S.p.A. (NYSE:NTZ) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $3.00 and traded as high as $3.22. Natuzzi shares last traded at $3.22, with a volume of 12,901 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Natuzzi in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Natuzzi Stock Performance

The firm has a 50-day moving average price of $3.03 and a 200-day moving average price of $2.95.

Natuzzi (NYSE:NTZ) last issued its quarterly earnings results on Thursday, November 20th. The company reported ($0.64) earnings per share for the quarter. The company had revenue of $92.29 million during the quarter. Natuzzi had a negative return on equity of 38.57% and a negative net margin of 6.12%.

Institutional Trading of Natuzzi

A number of large investors have recently bought and sold shares of the company. Kanen Wealth Management LLC boosted its holdings in Natuzzi by 5.8% in the 1st quarter. Kanen Wealth Management LLC now owns 1,763,136 shares of the company’s stock worth $8,657,000 after buying an additional 96,890 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in Natuzzi during the 1st quarter valued at $1,817,000. Benjamin Edwards Inc. raised its holdings in Natuzzi by 27.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 178,000 shares of the company’s stock valued at $648,000 after acquiring an additional 38,350 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in shares of Natuzzi during the third quarter worth $36,000. 6.07% of the stock is owned by hedge funds and other institutional investors.

About Natuzzi

Natuzzi S.p.A. is a global design and manufacturing company specializing in high-quality upholstered furniture. The company’s product portfolio includes leather and fabric sofas, armchairs, recliners, sectional systems and complementary home furnishings such as coffee tables, beds and accessories. Natuzzi markets its offerings under two primary brands—Natuzzi Italia, which focuses on contemporary Italian design, and Natuzzi Editions, which provides a broader range of styles at accessible price points.

Founded in 1959 by Pasquale Natuzzi in Santeramo in Colle, Italy, the company began as a small artisan workshop and has grown into the world’s largest producer of leather upholstered furniture.